JREU.DE vs. JGHY.DE
JREU.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both exchange-traded funds - JREU.DE is a Large Cap Blend Equities fund tracking the JP Morgan US Research Enhanced Index Equity (ESG), while JGHY.DE is a High Yield Bonds fund actively managed by JPMorgan. JREU.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, JREU.DE returned 13.65%/yr vs 4.39%/yr for JGHY.DE. A 0.58 correlation means they provide meaningful diversification when combined. JREU.DE charges 0.20%/yr vs 0.35%/yr for JGHY.DE.
Performance
JREU.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JREU.DE achieves a 12.48% return, which is significantly higher than JGHY.DE's 4.92% return.
JREU.DE
- 1D
- 0.21%
- 1M
- 1.56%
- 6M
- 11.77%
- YTD
- 12.48%
- 1Y
- 22.45%
- 3Y*
- 18.83%
- 5Y*
- 13.65%
- 10Y*
- —
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
JREU.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JREU.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 12.48% | 3.77% | 32.09% | 24.03% | -14.69% | 42.48% | 6.66% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
Correlation
The correlation between JREU.DE and JGHY.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.58 |
The correlation between JREU.DE and JGHY.DE has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
JREU.DE vs. JGHY.DE — Risk / Return Rank
JREU.DE
JGHY.DE
JREU.DE vs. JGHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JREU.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 4.15 | -0.87 |
| Martin ratioReturn relative to average drawdown | 12.12 | 13.75 | -1.63 |
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Drawdowns
JREU.DE vs. JGHY.DE - Drawdown Comparison
The maximum JREU.DE drawdown since its inception was -34.40%, which is greater than JGHY.DE's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for JREU.DE and JGHY.DE.
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Drawdown Indicators
| JREU.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.40% | -24.72% | -9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -2.32% | -4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -10.49% | -12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -10.49% | -12.88% |
Current DrawdownCurrent decline from peak | -0.15% | -0.52% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -6.58% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 0.70% | +1.15% |
Volatility
JREU.DE vs. JGHY.DE - Volatility Comparison
JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) has a higher volatility of 2.80% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) at 1.21%. This indicates that JREU.DE's price experiences larger fluctuations and is considered to be riskier than JGHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREU.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 1.21% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 3.04% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 4.63% | +7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.32% | 6.57% | +8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 8.78% | +8.94% |
JREU.DE vs. JGHY.DE - Expense Ratio Comparison
JREU.DE has a 0.20% expense ratio, which is lower than JGHY.DE's 0.35% expense ratio.
Dividends
JREU.DE vs. JGHY.DE - Dividend Comparison
Neither JREU.DE nor JGHY.DE has paid dividends to shareholders.
Frequently Asked Questions
JREU.DE and JGHY.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREU.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for JGHY.DE.
JREU.DE is categorized as Large Cap Blend Equities, while JGHY.DE is High Yield Bonds. Their fees differ too: 0.20% for JREU.DE and 0.35% for JGHY.DE.
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